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Small Banks You've Never Heard Of Quietly Power The Booming Fintech Industry
Posted on: Feb. 15, 2019, 1:31 p.m.
A small group of banks are handling the "financial" side of billion-dollar fintech start-ups. : Instead of trying to beat a wave of high-growth financial technology startups at their own game, a group of small banks is opting to join them. These low profile community banks quietly run the plumbing underneath billion-dollar fintech firms like Square, Stripe and Robinhood — handling mundane banking activities for them like holding customer deposits and underwriting loans — while the tech firms remake finance ... Full investment news article
Relevent to this post: Harvard Management Company
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Xconomy: Bill Maris Fund Section 32 Notches Two Wins With Life Science Exits
Posted on: Feb. 15, 2019, 1:31 p.m.
Section 32, a venture capital firm headquartered near San Diego that launched in 2017 with a $151 million fund, has had a big month. The firm, based in San Diego’s coastal Cardiff-by-the-Sea community, was started by Bill Maris, who launched and previously headed Google’s corporate venture investment arm, GV (originally called Google Ventures). In an […] Full investment news article
Relevent to this post: Bill Maris
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